James Hay cites outsourcing rise as it boosts investor panel
Growing trend towards adviser outsourcing sparks drive to bulk out providers on iSipp, provider says.
Self invested personal pension provider James Hay Partnership has added eight investment managers to the James Hay iSipp investment management panel, in anticipation of increased outsourcing business post-Retail Distribution Review.
The additions comprise: Balkerne Asset Management, Montague Capital, Parmenion Capital Partners, Premier Fund Managers, PSigma Investment Management, Raymond James Investment Services, R C Brown Investment Management, and Rowan Dartington and Company.
Chris Smeaton, head of product development for James Hay Partnership, said: “With the upcoming implementation of the retail distribution review, we are seeing a continued trend towards the outsourcing of investment solutions by advisers and their clients.
“We have added a further eight investment managers to our panel for use within the James Hay iSipp. This follows the announcement of 15 additions to the investment manager panel in April of this year.”